Bloomberg ^ | November 15, 2019
No excerpt from Bloomberg allowed, story
here. She wants a 59% top income tax rate and to tax unrealized capital gains yearly, including real estate and business holdings.
REMEMBER VOTE DEMONRAT SO YOU CAN GO BROKE AND HAVE TO GIVE YOUR HOUSE TO AN ILLEGAL INVADER, OR MUSLIM TERRORIST!
Wait.... LOL.... wait what? WHAT???
She wants to tax unrealized capital gains yearly?
Does everyone understand what that means? Your house... the house you own, is a capital gain that is unrealized. A capital gain, is the value of an asset increasing. Unrealized, means the value of your house went up, but you don't see it until the house is sold. When you sell it, the gain is realized.
Your home is an unrealized capital gain.
She wants to tax that??? So every year you own a house, you are going to get a Federal tax bill on the capital gain that you don't have yet........
What a winner of a plan. What a great lady. I've always hated being able to save money.
So does this also apply to my 401K I have in stocks, that I have an unrealized gain on? Can she lift off the 'burden' of being able to retire with savings?
I mean, if you are going to make me poor throughout my life, might as well make sure I retire poor as well......